BEIJING—Global stock markets were mixed Thursday after notes from a Federal Reserve meeting showed officials expect more U.S. interest rate hikes to fight stubborn inflation.
London, Shanghai, and Hong Kong declined. Frankfurt and Wall Street futures advanced. Japanese markets were closed for a holiday.
Notes from the latest Federal Reserve board meeting showed members expect “ongoing increases” in its key lending rate to slow the economy. That dampened hopes for cuts as early as late this year.
“The need for ‘higher for longer’ rates was made plain,” said Vishnu Varathan of Mizuho Bank in a report.
In early trading, the FTSE 100 in London lost 0.3 percent to 7,909.58. Frankfurt’s DAX was up less than 0.1 percent at 15,399.99 while the CAC 40 in Paris shed 0.1 percent to 7,299.26….